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america goes off the fiscal cliff in 25 days triggering massive tax hikes and spending c cuts. >>> no sign of president obama, the first lady, sash has or malia, this year it's all about bo. the card was designed by iowa artist and dog lover lorissa cable. >>> a holiday surprise for some walmart shoppers in south florida. secret santas paid off their layaway bills. >> my layaway is paid? >> yep. the rest of your balance is paid off. >> are you serious? >> yes, very serious. you no longer own a balance. >> tell santa thank you very much! >> an athletic club pitched in $500 which helped six families. several layaway shoppers say they wish they could meet their secret santas to give them a hug and kiss and say thank you. >>> time for your early reads. your local news making national headlines. we begin with tacoma's news tribune which says day one of legalized marijuana was pretty chill. there were no run on doritos, increased in car wrecks, no crazy displays of joy. >>> to florida, the sun sentinel newspaper, florida wildlife officials announcing the 2013 python challenge. it's a huntin
america goes off the fiscal cliff in 25 days triggering massive tax hikes and spending c cuts. >>> no sign of president obama, the first lady, sash has or malia, this year it's all about bo. the card was designed by iowa artist and dog lover lorissa cable. >>> a holiday surprise for some walmart shoppers in south florida. secret santas paid off their layaway bills. >> my layaway is paid? >> yep. the rest of your balance is paid off. >> are you serious?...
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Dec 5, 2012
12/12
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want to take you back to the fiscal cliff. not sure if you caught this, but house democratic leader nancy pelosi launched this effort to force a vote, force a vote on extending the middle class tax cut while letting taxes go up first of the year for the wealthiest 2% of americans. keep in mind, republicans own the house majority, so they control which bills, of course, come to vote. and they have not allowed a vote on the tax cuts. so pelosi has begun to circulate this petition and it would force a vote on the measure. they have to get the signatures just to get the vote to happen. if all house democrats sign the petition, she still needs just about two dozen republicans to come on board as well, and that could prove to be a pretty tough task. joining me now from washington, congressman steve israel, democrat of new york. congressman, nice to see you back here on the show. >> thanks, brooke. >> i understand you, yourself, have been reaching out to some of the house republicans on this. have you spoken to any of them? >> i have
want to take you back to the fiscal cliff. not sure if you caught this, but house democratic leader nancy pelosi launched this effort to force a vote, force a vote on extending the middle class tax cut while letting taxes go up first of the year for the wealthiest 2% of americans. keep in mind, republicans own the house majority, so they control which bills, of course, come to vote. and they have not allowed a vote on the tax cuts. so pelosi has begun to circulate this petition and it would...
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Dec 4, 2012
12/12
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how damaging is the fight over the fiscal cliff to the republican party right now? let's take a look at what conservative commentator bill krystal said on fox. >> the republicans are at real risk in my view now of looking like they are defending -- keeping the current tax rates for the wealthy. at the end of the day president obama is selling a simple message, i want to keep taxes low for middle class americans, and republicans look like -- i'm worried they're in the position of looking this, if they don't care about the middle class and want to keep tax rates low for wealthier americans. >> yes or no, is he right? yes or no? >> i don't think so. it's far too easy. >> he's right. democratic strategists are giddy. for two years they've been trying to make this argument, the republicans are going to hold up -- >> let me go back. i think he's wrong. i think ultimately if we don't get a deal, it's bad for president obama, bad for his legacy, and bad for democrats. >> i think you're right, but i also think that your party lost this election, they should act accordingly,
how damaging is the fight over the fiscal cliff to the republican party right now? let's take a look at what conservative commentator bill krystal said on fox. >> the republicans are at real risk in my view now of looking like they are defending -- keeping the current tax rates for the wealthy. at the end of the day president obama is selling a simple message, i want to keep taxes low for middle class americans, and republicans look like -- i'm worried they're in the position of looking...
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Nov 30, 2012
11/12
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he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists th
he'll tell americans the fiscal cliff will cause holiday shopping to plummet. >> let's give a christmas present to the american people. >> reporter: but the mood here on capitol hill is anything but festive. both sides say the tax hikes and spending cuts due to kick in at year end are unacceptable, they just don't believe each other. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy...
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Nov 29, 2012
11/12
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cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll sererere tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here toight with bedford open geyser c
cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll sererere tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems...
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to ourtop story tonight, speaker boehner and house republicans are rolling out eir fiscal cliff counteroffer to the white house. includes $800 billio in new tax revenue. that is roughly half what the president was aiming for. 300 billion in dcretionary spending cuts. 900 billion in mandatory spending cuts. now the whi house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by da mitch chill from the cato institute for more on this. dan what do you think. these are a lot of things to occur just in the past few hours. do you feel like ere is progress being made? >> there is progress but progress in the wrong direction. the number on thing to understand alrdy even if all the tax cuts were made permanent, tax revenues projected to grow by 6.2% a year. so what they're really debating about how much should it grow even faster than that in order to enable bigger government. 100% of our fiscal problem is on the spending side. obama is being very inflexible on that. republicans i'm afraid will get taken to
to ourtop story tonight, speaker boehner and house republicans are rolling out eir fiscal cliff counteroffer to the white house. includes $800 billio in new tax revenue. that is roughly half what the president was aiming for. 300 billion in dcretionary spending cuts. 900 billion in mandatory spending cuts. now the whi house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by da mitch chill from the...
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Dec 1, 2012
12/12
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the reason why i bring that up is because the media is going along with the talking point of fiscal cliff happens you must do the republican approach of cutting medicare and social security and not raise taxes on a the rich. >> or poor rich, and they're not poor. >> today john boehner named candace miller to head the house administration committee. candace miller was not even on the committee in the first place. dan lundgren lost, who was chairman of the committee. i think it's worth bear mentioning. >> i love that they put her on the committee so they could name her chairman. a little bit of panic. now when we come back, speaking of panic, this is what you should panic over. forget the fiscal cliff. the real problem is the climate chef. >> i love bill o'reilly. i'm proud to be an american, but i saw this movie chasing i.c.e. today, and it has changed me not only about global warming but as a person. >> cenk: wow, that's not even the elbow of the day. you'll be shocked to find out it's not a republican. ice breakers mints. break the ice. question: why are ice breakers mints called mints?
the reason why i bring that up is because the media is going along with the talking point of fiscal cliff happens you must do the republican approach of cutting medicare and social security and not raise taxes on a the rich. >> or poor rich, and they're not poor. >> today john boehner named candace miller to head the house administration committee. candace miller was not even on the committee in the first place. dan lundgren lost, who was chairman of the committee. i think it's...
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it's part of the fiscal cliff, because just like all of these other things, stuart, people are trying to move income out of 2013, into 2012, which makes this year look a little bit better than it should, but what it means is that when we hit january 1st, 2013, the economy's going to collapse as far as i can tell. stuart: whoa, whoa, collapse is a strong word, art. >> collapse as low as we are, i agree. stuart: now, the obamacare tax change is a change in the tax rate. >> yes. stuart: that's something that the president's absolutely insisting on. he wants tax rates to go up for the top two income brackets and that's being forced by the republicans. they don't want the rate to go up. they'll pay more in overall revenue, but don't want the rate to go up. your comments please on the president's stand-fast position on raising tax rates? >> well, rates are where the real action is, i mean, if you broaden the base and lowered rates, tax revenues on the rich went up. you'd have far less-- and the when you're growing the economy and profession of vobs and output, employment production. stuart:
it's part of the fiscal cliff, because just like all of these other things, stuart, people are trying to move income out of 2013, into 2012, which makes this year look a little bit better than it should, but what it means is that when we hit january 1st, 2013, the economy's going to collapse as far as i can tell. stuart: whoa, whoa, collapse is a strong word, art. >> collapse as low as we are, i agree. stuart: now, the obamacare tax change is a change in the tax rate. >> yes....
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Dec 7, 2012
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. >>> president obama took the fiscal cliff fight to virginia today. he sat down with this falls church family to talk about how ending the bush era tax cuts would affect them. if ty expire at the end of the month, the average family of four would pay about $2,200 extra in taxes. the president says he's in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates. >> going over the fiscal cliff also means the 2% payroll tax holiday would expire. it would mean cuts in unemployment benefits for millions of families. lawmakers have until december 31st to agree on a deal. >>> as we reported earlier this evening, the president took a break to join the first family for the lighting of the national christmas tree on the ellipse. as fox 5's bob barnard tells us
. >>> president obama took the fiscal cliff fight to virginia today. he sat down with this falls church family to talk about how ending the bush era tax cuts would affect them. if ty expire at the end of the month, the average family of four would pay about $2,200 extra in taxes. the president says he's in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >> i'm not going to sign any package that somehow prevents the top rate from...
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Dec 4, 2012
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now, he may, in fact, want us to all go over the fiscal cliff. after all, he would be able to point the finger of blame at the republicans to get all the tax hikes he wants, all the defense cuts he's always wanted and some democrats are stating flat out they want to go over the fiscal cliff. watch this. >> i personally think you'll get a lot more deficit reduction if we do the fiscal cliff. i think the markets will reward the fiscal cliff over a period. there will be some panic and moaning and groaning, but first of all, the fiscal cliff is not a real cliff. it's a slope. and you're going to get the biggest bank for the buck in terms of deficit reduction. i think the economy can stand it. yes, we will go into two quarters of recession the cbo says, and i believe that. we're in deep trouble here. somebody's going to have to pay the bill. it's going to have to be all of us. >> joining me with more on all of this, patrick j. buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6
now, he may, in fact, want us to all go over the fiscal cliff. after all, he would be able to point the finger of blame at the republicans to get all the tax hikes he wants, all the defense cuts he's always wanted and some democrats are stating flat out they want to go over the fiscal cliff. watch this. >> i personally think you'll get a lot more deficit reduction if we do the fiscal cliff. i think the markets will reward the fiscal cliff over a period. there will be some panic and...
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Dec 6, 2012
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we'll have the latest capitol hill over could happen should we go over the fiscal cliff. have a new report that moving into the s moving out who i and why. see you in a few minutes. >> tonight, we will find out happened to the president's scandal. cliffhanger left is wondering shot -- as the vice president takes control. e must all join hands and pray for our president. as you about your heads, rest assured i am in the white house charge of the situation. >> see what happens on the all "scandal." lookeds take another it to see what is happening with the national christmas tree lighting. neil patrick harris is the host this year. waiting on the of the first family. they should be there within the next few minutes. come out and flipped switch. >> always a beautiful sight. >> this will be interesting they change to the for the first time. we will see what that looks like. >> let's check in on however is feeling. >> getting into the holiday with the cold weather. we want to start our coverage lapse.time we will put it in motion for the next couple of hours. the son moving rig
we'll have the latest capitol hill over could happen should we go over the fiscal cliff. have a new report that moving into the s moving out who i and why. see you in a few minutes. >> tonight, we will find out happened to the president's scandal. cliffhanger left is wondering shot -- as the vice president takes control. e must all join hands and pray for our president. as you about your heads, rest assured i am in the white house charge of the situation. >> see what happens on the...
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Nov 30, 2012
11/12
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if you get a deal, anything like what the president has proposed, or if you go over the fiscal cliff full tilt, either way, you will have a recession and president obama's second term starts on a very negative note for the american economy. >> you put your finger on the problem. the point of having these fiscal cliff negotiations is to avoid what could lead to a recession, to avoid a calamity. the proposal your putting forward leaves you with an even worse position than you are now, what is the purpose of this? stuart: stay there for a second. i want to get the company's opinion on the raising of the debt ceiling. it is and abolition of the debt ceiling so the president and borrow whatever he wants without congressional authority. >> extraordinary power grab like we haven't seen in a long time. washington d.c. has been in bubble bland. we are in a government bubble. washington d.c. is disconnected from the reality of real-estate going up but the issue is washington d.c. things we are on the dot dog, or housing bubble from the bubbles stretching back to the 90s. we are no longer there
if you get a deal, anything like what the president has proposed, or if you go over the fiscal cliff full tilt, either way, you will have a recession and president obama's second term starts on a very negative note for the american economy. >> you put your finger on the problem. the point of having these fiscal cliff negotiations is to avoid what could lead to a recession, to avoid a calamity. the proposal your putting forward leaves you with an even worse position than you are now, what...
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Dec 5, 2012
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fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those t
fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose...
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Dec 6, 2012
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as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in relation to other spending. so you've got republicans jumping ship on both sides. >> that's exactly right. the speaker is going to have to make a critical choice, because the lines are being drawn in the sand right now here on capitol hill. you have the conservatives who are being booted off the committee. they're very angry with the speaker. they're not going to move at all on tax rates. but you've got a lot of moderates in the republican conference from th
as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple...
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cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a role call, daniel new house and mary anne shiner, says simpson and bowls are no longer part of the discussion and it's now morphed into the tax increase and democrats lost interest in the taxing and can we put them on compromise on simpson-bowles and i think so far, the media with exception of a few reporters haven't caught on, but we see charles krauthammer, andrea tantaros, watch out. you're being snookered. >> and pushing republicans towards tax increases and john boehner said we're up for revenue-- >> as several have pointed out the democrats won the election and that means that there are consequences and financial consequences that flow from that, and if the president wants 1 trillion 600 billion dollars w
cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a role call, daniel new house and mary anne shiner, says simpson and bowls are no longer part of the discussion...
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. >>> back here at home, issue number one is reaching a deal on that fiscal cliff. just 31 days left until we hit those $7 trillion in automatic spending cuts and tax increases if negotiations break down. and both sides of the aisle are going straight to the public in order to plead their case, or rather tell us why the other side is to blame. this is president obama in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans onboard, i'll sign this bill as soon as congress sends it my way. but it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes th s hostage metaphor one step further and brings to mind a memorable movie scene. >> unfortunately, some on the other side of th
. >>> back here at home, issue number one is reaching a deal on that fiscal cliff. just 31 days left until we hit those $7 trillion in automatic spending cuts and tax increases if negotiations break down. and both sides of the aisle are going straight to the public in order to plead their case, or rather tell us why the other side is to blame. this is president obama in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already...
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Nov 29, 2012
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let's get to this fiscal cliff. $4 trillion in debt reduction. are there specific ways of reaching that figure that both of you might agree on? >> well, you know i think one comprom ice is that we need to cut some military spending. conservatives like myself who think that national spending, i think that compromise could get to spending cut. >> here is the question, both sides are going to have to compromise beyond defense spending. do you see you supporting? >> mostly has to be on the spending side. we used to spend 20% of gdp. federal spending has gone up. and when people say we have to raise taxes on rich people, one there is not enough money and you get less revenue. and when you lower rates you get more revenue. what do you make of tom cole's proposal that republican lawmakers should extend tax rates for those making less before the end of this year and deal with the tax rates for the wealthiest americans at a later date? >> once you separate them out there is not a lot of sympathy for therism people. but the public often doesn't realize tha
let's get to this fiscal cliff. $4 trillion in debt reduction. are there specific ways of reaching that figure that both of you might agree on? >> well, you know i think one comprom ice is that we need to cut some military spending. conservatives like myself who think that national spending, i think that compromise could get to spending cut. >> here is the question, both sides are going to have to compromise beyond defense spending. do you see you supporting? >> mostly has to...
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Dec 6, 2012
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known as the fiscal cliff take effect. bloomberg government hosted a discussion this morning with the top democrat on the house budget committee, chris van hollen as well as republican senator bob corker and senator mark warner. at 9:00 eastern, president obama and house spear jaub boehner and spoke about the fiscal cliff today. republicans might be willing to agree to higher tax rates on the wealthy in january. house speaker calling on the obama administration to respond to the republicans' deficit proposal. president obama is at 9:00 eastern followed by speaker boehner. >> this weekend on c-span 3's american history tv, follow harry truman's eldest grandson to japan. >> everybody has their own view what happened and i don't want to argue survival to anyone in japan about the history. we're past that. and my whole purpose for being here is to listen to the living and to do what i can. >> sunday at 9:00 p.m. eastern on c-span 3. >> the supreme court will look at what was passed in 2008 by a majority of 6-3 i believe and go
known as the fiscal cliff take effect. bloomberg government hosted a discussion this morning with the top democrat on the house budget committee, chris van hollen as well as republican senator bob corker and senator mark warner. at 9:00 eastern, president obama and house spear jaub boehner and spoke about the fiscal cliff today. republicans might be willing to agree to higher tax rates on the wealthy in january. house speaker calling on the obama administration to respond to the republicans'...
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Dec 7, 2012
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. >> the pentagon is preparing for massive budget cuts in case the country does go over the fiscal cliff. the scaling back today became the triangle. >> welcome backs to fox and friends first. i am patti ann browne. >> i am ainsley earhardt. >> now it's time for the top 5@5:00. they are accused of aiding terrorists and threatening to use weapons of mass destruction in the united states. they will come face to face with a judge in florida. he and his brother both from pakistan gave money, housing and other support to terrorists planning a wmd attack. >> i heard screaming and saw the escalator coming apart. those words from a macy's employee at bellevue in washington state. last night the stairs on an escalator there started collapsing while shoppers were on it. 4 people fell including two toddlers. only one of them a man suffer add minor injury. that's lucky. police say it was caused by a mechanical failure. there is no word how many people were on the escalator at the time. >>> first responders told to go sight seeing as sandy victims were suffering. fox news exclusively learned after ru
. >> the pentagon is preparing for massive budget cuts in case the country does go over the fiscal cliff. the scaling back today became the triangle. >> welcome backs to fox and friends first. i am patti ann browne. >> i am ainsley earhardt. >> now it's time for the top 5@5:00. they are accused of aiding terrorists and threatening to use weapons of mass destruction in the united states. they will come face to face with a judge in florida. he and his brother both from...
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Dec 4, 2012
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six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for million
six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy....
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cliff than it is for republicans because then all those tax cuts from the republicans are swept away. but it's too early. it's only december 6. we've got until december 31st and in washington that's a long time. >> a lifetime. you wrote yesterday the republicans are waving a white flag as big as a bed sheet. you wrote "right now bain ser hoping to lead his fractious gop to an orderly surrender. the question is no longer whether republicans will give on taxes, they already have. all that remains to be be negotiated is how they will increase taxes. s so what's the likely scenario as you see it now? >> the fact they have surrendered, saying we're offering up an $800 billion tax increase, that's a big deal but it doesn't save us from the fiscal cliff. as susan was suggesting, there's a long time to go between now and the 31st. they have to wait until that long because neither side wants to appear to be giving in too early. that means they've given away more than they had to. you've got the president out there stirring the pot, trying to bring public opinion more to his side. the republic
cliff than it is for republicans because then all those tax cuts from the republicans are swept away. but it's too early. it's only december 6. we've got until december 31st and in washington that's a long time. >> a lifetime. you wrote yesterday the republicans are waving a white flag as big as a bed sheet. you wrote "right now bain ser hoping to lead his fractious gop to an orderly surrender. the question is no longer whether republicans will give on taxes, they already have. all...
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veterans if no agreement is reached on the so-called fiscal cliff. this is 30 minutes. >> thank you, tommy. first, let me thank secretary panetta for his unwaiverring support, both for those of us in va, and the men and women who wear and have worn the uniforms of the nation. our close partnership, this meeting that we have today, on their behalf, has never been more important than it is today. entering the holiday season, i thank the men and women who spend these holidays away from their families, defending our nation, we're all very grateful for their service and sacrifice. as leon and iñhr discussed very little of what we do here in va originates here. most of what we work on originates in dod, and that's why achieving our priorities at va requires this close and collaborative working relationship. we have more work to do, but with president obama's strong support and guy dance, we brought the two departments closer together than ever before. we've underwritten joint va-dod medical facilities where they make sense, harmonizing our acquisition dec
veterans if no agreement is reached on the so-called fiscal cliff. this is 30 minutes. >> thank you, tommy. first, let me thank secretary panetta for his unwaiverring support, both for those of us in va, and the men and women who wear and have worn the uniforms of the nation. our close partnership, this meeting that we have today, on their behalf, has never been more important than it is today. entering the holiday season, i thank the men and women who spend these holidays away from their...
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getting past the fiscal cliff is an imperative. we are having a one-sided conversation. the republicans have put out a plan saying raise revenue from reach people, banseed, spending cuts, and that landed with a thud over in the white house, no response, and the president has yet to put out a balanced plan, and what we got is i want $1.6 trillion in tax revenue. give it to me. gerri: and rid of the debt ceiling. >> we've seen this movie before. no ceiling, give me the revenue, i'll spend it. now what? until cuts are in place, this doesn't make sense. gerri: i want to hear what ann coulter said about the debate. >> don't cave on everything, but republicans feed into what the media is telling america -- >> wait a minute, i want to understand. you are saying then for pr purposes, they should give into obama on the tax rate. >> not exactly. well, yeah, i guess i am -- >> you're saying obama, who is -- we don't have a revenue problem, ann. >> we lost the election, sean. gerri: what do you think of this? as a strategy, maybe it's the right thing? acknowledge that the american p
getting past the fiscal cliff is an imperative. we are having a one-sided conversation. the republicans have put out a plan saying raise revenue from reach people, banseed, spending cuts, and that landed with a thud over in the white house, no response, and the president has yet to put out a balanced plan, and what we got is i want $1.6 trillion in tax revenue. give it to me. gerri: and rid of the debt ceiling. >> we've seen this movie before. no ceiling, give me the revenue, i'll spend...
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later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. tomorrow on ", washington "" robert -- "washington journal," robert van order on the mortgage loan forgiveness. adult'eman on being an with autism. plus, your emails, phone calls, and tweets. >> c-span, created by cable companies and venture 1979, brought to you as a public service by >> president obama talked about the so-called fiscal cliff and his proposal to end the bush era tax cuts. he spoke at a manufacturing facility in hatfield, pennsylvania, for about 25 minutes. >> thank you! [cheers and applause] >> well, good morning, everybody. everybody, please have a seat, have a seat. relax for a second. it is good to see all of you. hello, hatfield! it is good to be back in pennsylvania and it is good to be right here at connects. i want to thank michael airington and the inventor of connects, joel glickman, for hosting me today. where'd they go? stand up so everybody can see you guys. there you go! i just noticed, we got a couple of outstanding members of congress here. chaka pata,
later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. tomorrow on ", washington "" robert -- "washington journal," robert van order on the mortgage loan forgiveness. adult'eman on being an with autism. plus, your emails, phone calls, and tweets. >> c-span, created by cable companies and venture 1979, brought to you as a public service by >> president obama talked about the so-called fiscal cliff and his proposal to end the bush era tax...
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spending and going over the fiscal cliff. he is out campaigning. last year he was campaigning and he is not being president. he is not negotiating that he said he was going to be, he is campaigning and/or golfing. where is this story? i'm making two cases to the republicans and the democrats who listen. i believe we should have the negotiations on the fiscal cliff. that's two things. $500 billion tax increase, the 2001, 2003 tax cuts lapsing and sequestration of spending restraint. it is a good thing, but saving $100 billion, -- >> not a common republican point of view. a lot of defense cuts. >> the head of the conservative caucus, 60% of most conservative guys in the house, jim jordan said the only thing worst than the sequester would be not having the savings and you saw mitch mcconnell saying we aren't ending the sequester. people are drawing lines in the sand -- let's try to cut to it. >> it has to be on c-span only then would the president have to say and boehner would say your spending cuts are what? cbs and nbc hasn't
spending and going over the fiscal cliff. he is out campaigning. last year he was campaigning and he is not being president. he is not negotiating that he said he was going to be, he is campaigning and/or golfing. where is this story? i'm making two cases to the republicans and the democrats who listen. i believe we should have the negotiations on the fiscal cliff. that's two things. $500 billion tax increase, the 2001, 2003 tax cuts lapsing and sequestration of spending restraint. it is a good...
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could face massive spending cuts and tax increases known as the fiscal cliff. they are talking about it in washington. today congressional republicans put forward alternative to the president plan. but tonight we are no closer to a deal. political reporter mark matthews explains what that means. >> san francisco cafe owner has been watching the cliff creep closer an hoping for rest logs. >> because if they don't it's going to be really tough. >>reporter: he's talking about employees. see the income taxes increase by a couple of thousands dollars. >> cost of living is really high and tough to make it especially in the city like san francisco. >>reporter: if congress and president can't reach an agreement income taxes will go up on nearly all americans. average family will be paying an extra 2000 to 2400 dollars a year. automatic spending cuts mean cuts to education. transportation. research and development. there's proposal to up airline fee that is could raise 1 billion dollars cutting back on those who 7 fad stamps could bring in another 4 to 16 billion over 1
could face massive spending cuts and tax increases known as the fiscal cliff. they are talking about it in washington. today congressional republicans put forward alternative to the president plan. but tonight we are no closer to a deal. political reporter mark matthews explains what that means. >> san francisco cafe owner has been watching the cliff creep closer an hoping for rest logs. >> because if they don't it's going to be really tough. >>reporter: he's talking about...
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the fiscal cliff and what the amt did. there are other parts of this. when you hear about the concern about the fiscal cliff, it is not the tax rates. i do not buy that. i do not think if -- we need to reduce -- increase the tax rate. >> if you go over in the tax rates go over, all of that goes away. >> we should not do it. we should resolve this. it depends on whether we then do something about it in the next month or two after it. we set ourselves on a path to do something with in 30, 60, or 90 days. people do not believe we will do it unless we do something. that is our reese. >> -- r were reese. >> as part of that second stage, does the top rate have to end at 39.6? are there ways democrats can accept something in between bush and clinton if it was coupled with a reduction in the ability of people to take certain deductions or credits? >> i do not want to second-guess what we may decide. to 39%. we should go that is not what we should be debating. i do not think it is instead of -- in addition to. having that debate now suggest that that is all we h
the fiscal cliff and what the amt did. there are other parts of this. when you hear about the concern about the fiscal cliff, it is not the tax rates. i do not buy that. i do not think if -- we need to reduce -- increase the tax rate. >> if you go over in the tax rates go over, all of that goes away. >> we should not do it. we should resolve this. it depends on whether we then do something about it in the next month or two after it. we set ourselves on a path to do something with in...
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and if they -- on the fiscal cliff, rather, and if they don't, it could harm consumer can ha confidence and in turn businesses like this one in pennsylvania. but, chris, also expect republicans to sort of lob a counterpunch today. i expect them to sort of highlight a business nearby that could be harmed if taxes do go up on those making $250,000 or more because, of course, that is for some small businesses their budget level. chris? >> and one thing, a quick follow-up, did the white house -- do you have any indication did the white house expect the reaction they got on capitol hill yesterday? i assume with this proposal, which much of it isn't new. this is essentially the president's budget proposal from last year, that they didn't think john boehner was going to say, that sounds good, let's do that. but did they expect the dismissiveness and john boehner's tone in his press conference yesterday? did that catch them by surprise at all? >> reporter: well, i think the white house democrats were a little surprised by the backlash but, as you point out, this budget proposal is essentially w
and if they -- on the fiscal cliff, rather, and if they don't, it could harm consumer can ha confidence and in turn businesses like this one in pennsylvania. but, chris, also expect republicans to sort of lob a counterpunch today. i expect them to sort of highlight a business nearby that could be harmed if taxes do go up on those making $250,000 or more because, of course, that is for some small businesses their budget level. chris? >> and one thing, a quick follow-up, did the white house...
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. >> president obama is back on the stump pressing republicans to cut a deal averting the fiscal cliff. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> reporter: republicans say they want their christmas, too, and blame the president for the deadlock. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. >> reporter: things got tense after treasury secretary geithner visited capitol hill thursday to present what republicans are calling an unreasonable proposal. it includes $1.6 trillion in new taxes. in part through raising rates on the top 2% and limiting loopholes and deductions. $50 billion in stimulus next year and $400 billion in medicare and other entitlement savings to be worked out. >> i think that the proposal that was delivered here by secretary goieithner to the speaker and me yesterday is not a serious proposal. >> they want to have this extra spending that actually greater than the amount they're willing to cut. >> but democrats say it was just a starting point and one republicans should c
. >> president obama is back on the stump pressing republicans to cut a deal averting the fiscal cliff. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> reporter: republicans say they want their christmas, too, and blame the president for the deadlock. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. >> reporter: things got tense after treasury secretary geithner visited...
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cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget cuts will kick in january 1. geithner moved from one end of the capitol to the other encouraging lawmakers to sign off on an extension of middle class tax cuts now. democrats say their position is clear and they want a serious offer from republicans. >> the american people want us to avoid the "fiscal cliff" with a balanced approach. >> reporter: geithner is here in the halls of congress trying to clear some big hurdles with republicans. once a deal is closer president obama will take over the talks. so far independent senator joe lieberman is not encouraged. >> if we go over the cliff it's going to send the country back into recession. >> reporter:
cliff" deal. house speaker john boehner came out of his meeting with the treasury secretary demanding the white house get serious about spending cuts. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> reporter: if a compromise isn't reached soon, automatic tax hikes and steep budget cuts will kick in january 1. geithner moved from one end of the capitol to the other encouraging lawmakers to sign off on an...
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>>> plus, are we seeing the first signs of republicans giving ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out romney shared a popular vote of this country has fallen to, you guessed it, 47.4%. as expected to fa
>>> plus, are we seeing the first signs of republicans giving ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>>...
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>> i don't know, i think that is going to happen, i think we go off the fiscal cliff. neil: really. >> if republicans cave, first. democrats are not putting anything on the table for cutting you know expenditures, and you know entitlements this is a ruse. if republicans cave, they -- there is a risk of a revolt in the republican party like they have never seen, boehner will be out, i think eric cantor will be out, they are treading on really thin ice, i can not imagine conservatives -- that are you either, intellectuall3 conservative class that speaks on fox news and writes and grassroots, will let this happen, they are going to get nothing, do you really think they are going to gettin gettin? neil: i'll ask the questions. challengcharlie gasparino the b. >> and franklin roosevelty grandson here. >> social security measure gives at least some protect to 50 millions of our citizens. >> we had address the drivers of the deficit, social security no not. >> social second has not added one penny to the deficit. >> senaaor reid and others have spoken out we'll not touch any
>> i don't know, i think that is going to happen, i think we go off the fiscal cliff. neil: really. >> if republicans cave, first. democrats are not putting anything on the table for cutting you know expenditures, and you know entitlements this is a ruse. if republicans cave, they -- there is a risk of a revolt in the republican party like they have never seen, boehner will be out, i think eric cantor will be out, they are treading on really thin ice, i can not imagine conservatives...
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. >>> another big story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and members of his own party. >> we have to cut spending and, i believe, it's super flowous. >> and that is a law, higher rates to go up for the 2072%, including all of you. yes. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 billion in personnel cuts. the pin is not talking to the defense contractors of public plans. >>> the council made it clear that it's not following t
. >>> another big story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and...
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in the fiscal cliff negotiations. from "washington journal," it is 10 minutes. the >> host: looking at the fiscal cliff we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. congress and white house negotiate how to move forward. joining us to talk about this from "the wall street journal" is john mccann in. let's start out with the basics. what are loopholes and deductions? we hear those words a lot, but what are they? >> guest: loopholes are in the eye of the beholder. who pulls our tax breaks of all different sorts and what do you make a particular loophole or not depends on where you said i think. there are lots of loopholes that are deductions are deductions are the ones that most people are most familiar with. the big itemize deductions are things like a home mortgage interest deduction. there is a deduction for state and local taxes is very important. the deduction for charitable contributions is real important. there's all kinds of other breaks that exist in
in the fiscal cliff negotiations. from "washington journal," it is 10 minutes. the >> host: looking at the fiscal cliff we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. congress and white house negotiate how to move forward. joining us to talk about this from "the wall street journal" is john mccann in. let's start out with the basics. what are loopholes and deductions? we hear those words a lot, but what are...
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cliff, where all bush era tax cuts on all tack tax brackets expire at the ends of the year. the election, popular opinion and more give president obama a lot of clout right now. and you can agree or disagree with the president's policy. that's for you to decide. republican congressmen tom cole of oklahoma disagrees stronsly. at the same time, he recognizes the political reality that all tax cuts will expire on january 1st and no one wants to raise taxes on what would amount to 98% of all taxpayers. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of discussion right now. continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> congressman cole joins us shortly. a rock rib conservative. chair of the national republican congressional committee, and he's no longer a lone voice in the wilderness. the staunchly conservative editorial page of "the wall street journal" is on board as well. i'm quoting now. the fact is that republicans face a new polit
cliff, where all bush era tax cuts on all tack tax brackets expire at the ends of the year. the election, popular opinion and more give president obama a lot of clout right now. and you can agree or disagree with the president's policy. that's for you to decide. republican congressmen tom cole of oklahoma disagrees stronsly. at the same time, he recognizes the political reality that all tax cuts will expire on january 1st and no one wants to raise taxes on what would amount to 98% of all...
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we are facing huge deficits and a looming fiscal cliff. i want to come out and say this and help the president get this? >> i use the word patriotism. when i was a kid i grew up in two u.s. internment camps. in the swamps of arkansas. we lived in california. >> you were hauled out there. >> to arkansas and later transferred to another one in northern california. but we were there because we happened to look like the people that bombed pearl harbor. a year into it the government realized there was a wartime manpower shortage. and when the military was opened up. thousands of young japanese americans went to fight for this country. they were put into a segregated unit and fought on the bloody battlefields in europe. and came back the most decorated and exercised something that was very important. they did it for their family certainly, but for the greater good because they loved america. they sacrificed themselves and many many perished on those fields and that is the kind of situation we are faced with now and those republicans can't seem t
we are facing huge deficits and a looming fiscal cliff. i want to come out and say this and help the president get this? >> i use the word patriotism. when i was a kid i grew up in two u.s. internment camps. in the swamps of arkansas. we lived in california. >> you were hauled out there. >> to arkansas and later transferred to another one in northern california. but we were there because we happened to look like the people that bombed pearl harbor. a year into it the...
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it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the rich. and that limiting deductions won't be enough to get a deal. now you wrote in the atlantic this week that despite that there is a way around this for republicans who don't want to incur the wrath of norquist or as mark suggests, voters. how? >> right. so grover norquist pledge is actually incredibly misunderstood. it's based on what washington budgeting organizations call the current law baseline. what that means is that what scheduled to go into effect already is baked into the cake. and because the bush tax cuts are expiring provisions that were voted for ten years ago, it doesn't really cou
it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the...
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as referred to as the fiscal cliff. and when it comes to doing something to avoid it, house speaker john boehner bluntly told reporters today, there is a stalemate. for his part, president obama is trying to break that stalemate by asking voters to put more pressure on the republicans. cnn chief white house correspondent jessica yellin and chief political correspondent gloria borger join us right now. gloria, guess i'll start with you. does the president have any leverage? >> he has a lot of leverage right now. i mean, if you look back to the debt ceiling in the summer of 2011, you recall the president was accused of negotiating with himself because it was sort of a time of weakness for him. right now, look, joe, he's just won re-election. 67% of the american public according to our polls believes that there should be a deal that contains a combination of spending cuts and tax increases. more than half of the american public says, you know what, we'd like the taxes on the wealthy to go up. so he does have public opinion
as referred to as the fiscal cliff. and when it comes to doing something to avoid it, house speaker john boehner bluntly told reporters today, there is a stalemate. for his part, president obama is trying to break that stalemate by asking voters to put more pressure on the republicans. cnn chief white house correspondent jessica yellin and chief political correspondent gloria borger join us right now. gloria, guess i'll start with you. does the president have any leverage? >> he has a lot...
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this is not the whole fiscal cliff but just the sequester. $1.2 trillion of mandatory spending cuts over ten years and scheduled for january 2nd. half of that money cut in defense. half in everything else. next year alone could take $65 billion out of spending and a million jobs versus growing 2 million which is what the u.s. is on track to do now. i fully understand the government needs to spend less and spend more efficiently but how you achieve it is as important as how much you cut and the sledge hammer approach is not economically sound. now, there are targeted and measured ways to do it without driving the country in to another recession. some debate today as to whether we're in one or not but the sequester will only make things worse. congress, solve it. solve it nowme. we're all watching. housing is hot. if you have credit and money for a down payment, the perfect time to buy. nationally, affordability is the best it's been in a long time. new york city is the least affordable place in america to purchase a home. no big surprise here. home prices in new york are nearly two and a
this is not the whole fiscal cliff but just the sequester. $1.2 trillion of mandatory spending cuts over ten years and scheduled for january 2nd. half of that money cut in defense. half in everything else. next year alone could take $65 billion out of spending and a million jobs versus growing 2 million which is what the u.s. is on track to do now. i fully understand the government needs to spend less and spend more efficiently but how you achieve it is as important as how much you cut and the...
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. >>> a new weapon is being launched today in the fiscal cliff fight. three major unions are financing tv ads with a message asking viewers to call their elected including senator warner and claire mccaskill. here's the message from the national education association. >> cutting hundreds of billions of dollars from medicare and medicaid will short-change the people who need it the most. so if you don't want seniors to come up empty, call senator warner and tell him, don't make a bad deal that cuts our care. >> joining me now is the federal government affairs director, chuck loveless. >> good to see you, chris. >> you're targeting four politicians here, senator warner and claire mccaskill and two others. why these four? >> we are very concerned that it could include many cuts in medicare, medicaid, and social security. with regard to the two republican house members, both of them have expressed some interest in including revenues as part of an overall deficit deal so we're trying to encourage them in their thinking in this way. >> these ads are running i
. >>> a new weapon is being launched today in the fiscal cliff fight. three major unions are financing tv ads with a message asking viewers to call their elected including senator warner and claire mccaskill. here's the message from the national education association. >> cutting hundreds of billions of dollars from medicare and medicaid will short-change the people who need it the most. so if you don't want seniors to come up empty, call senator warner and tell him, don't make a...
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so we should try to avoid the fiscal cliff. at the same time we need the revenues. and if the republicans try to be as on stinnett a and try to -- obstinate and try to hold them hostage, we still have to stay firm. >> bill: it is interesting the impact you talked about to real people, real programs, head start, pell grants or whatever, nobody's talking about those. people don't kind of zero down into exactly what it would mean to every middle class family. i was at the white house yesterday. the president did talk about this. look, the senate's already passed a bill to give 98% of americans a tax break. it is in the house. house democrats will vote for it. probably enough house republicans would vote for it if they they would only schedule it for a vote. >> the senate passed the bill. the people of the united states of america say we have to have a balanced approach. >> bill: yeah. >> it is now only one house and one party of one house that has to say yes. that's all they have to do is say yes. and that will be the first piece of probably a lot of other things that
so we should try to avoid the fiscal cliff. at the same time we need the revenues. and if the republicans try to be as on stinnett a and try to -- obstinate and try to hold them hostage, we still have to stay firm. >> bill: it is interesting the impact you talked about to real people, real programs, head start, pell grants or whatever, nobody's talking about those. people don't kind of zero down into exactly what it would mean to every middle class family. i was at the white house...